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I.T.A. NO.2105/LB OF 1998, DECIDED ON 25TH SEPTEMBER, 1998 versus I.T.A. NO.2105/LB OF 1998, DECIDED ON 25TH SEPTEMBER, 1998


Income Tax Ordinance 1979 Sections 62 and 32 (3) Evaluation assessment on the preparation of evidence of accounts etc. Estimation of Income Principles of Denial of Account was issued under the usual law assessment officer, however, based on the inspector's report, the increased sales in the Assisi version were rejected. The First Appellate Authority termed it reasonable because no inventory had been made nor any other details of the Assessment business had been brought home, to evaluate and replace the version returned by solid evidence. An assessing officer was needed, no such exercise was performed. According to this observation, the estimation of the sale by the Assessing Officer was not reasonably meaningful, therefore, through the Income Tax Appellate Tribunal, the sales estimate was reduced,

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